ValuEngine cut shares of Telefonica SA (NYSE:TEF) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Telefonica SA from a strong sell rating to a hold rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Telefonica SA from a hold rating to a sell rating in a research note on Thursday, June 22nd. BNP Paribas assumed coverage on shares of Telefonica SA in a research note on Wednesday, May 31st. They set a neutral rating on the stock. TheStreet raised shares of Telefonica SA from a c rating to a b rating in a research note on Thursday, May 25th. Finally, Citigroup Inc. reissued a buy rating on shares of Telefonica SA in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Telefonica SA has an average rating of Hold and a consensus target price of $10.81.

Shares of Telefonica SA (TEF) opened at 10.76 on Friday. The firm has a market capitalization of $55.12 billion, a price-to-earnings ratio of 18.58 and a beta of 1.32. The company’s 50-day moving average is $10.99 and its 200 day moving average is $10.92. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64.

Telefonica SA (NYSE:TEF) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by $0.02. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. The business had revenue of $14.24 billion for the quarter, compared to analyst estimates of $15.01 billion. On average, analysts expect that Telefonica SA will post $0.89 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in TEF. Bank of Montreal Can lifted its stake in Telefonica SA by 31.9% in the first quarter. Bank of Montreal Can now owns 70,783 shares of the utilities provider’s stock valued at $792,000 after buying an additional 17,102 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Telefonica SA by 53.7% in the first quarter. Wells Fargo & Company MN now owns 325,123 shares of the utilities provider’s stock valued at $3,639,000 after buying an additional 113,532 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Telefonica SA in the first quarter valued at approximately $291,000. First Trust Advisors LP lifted its stake in Telefonica SA by 557.8% in the first quarter. First Trust Advisors LP now owns 551,351 shares of the utilities provider’s stock valued at $6,170,000 after buying an additional 467,529 shares in the last quarter. Finally, Princeton Alpha Management LP bought a new position in Telefonica SA in the first quarter valued at approximately $249,000. 0.93% of the stock is currently owned by hedge funds and other institutional investors.

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

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Analyst Recommendations for Telefonica SA (NYSE:TEF)

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